Representatives from the steel and iron ore sectors, including the forging industry in India, have been urging their government to impose a ban on steel and iron exports to Nepal. As a result, the steel and iron prices have increased in the domestic market but domestic steel manufacturers and contractors are hoping that India will not impose the ban, as Nepal has minimal import share of steel and iron compared to other countries.

Ananda Nepal, CEO of Jagdamba Steel, said that the chances of India imposing the ban was little. “Nepal's import of iron and steel is very little anyway, so the Indian government will not ban the export of steel and iron ore,” he said.

“But if India does enforce the ban then it will create scarcity in the domestic market,” he said, adding that India traders are creating chaos to raise the profitability but the Indian manufacturers do not want it to happen.

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